Page 1146 - Finance News

RBI to issue norms for single authentication in few weeks:Khan

Currently, a two-step authentication is prevalent in India unlike developed nations

FM urges banks unions to avoid strike

Unions have planned to go on 4-day strike from 23 Feb if second round of talks with IBA fail

Revamped board on bank frauds examines 3 cases

Jt Director CBI to make a presentation to the Board next week

Get ready to lose staff: Gandhi to banks

Dy Governor notes it's an era of job changes for better opportunities and the new niche lenders in the system will attract your talent; endorses govt decision to capitalise efficient PSBs

No formal proposal from post office to set up bank: Raghuram Rajan

Minimum subscription fixed at Rs 20,000 for pvt placement of NCDs by NBFCs

New rule applicable on private placement of NCDs with maturity of more than one year

RBI to conduct reverse repo and MSF operations on Saturdays

Banks have been requesting RBI to conduct repo auctions every Saturday

Indian Bank Association and Bank Unions failed to reach to an agreement

Next round of talks scheduled on February 23

Govt will support performing banks: RBI

The government has decided to allocate capital to only nine PSBs in the current financial year, those that have shown efficiency in recent years

RBI warns banks against making "mockery" of its lending operations

Only 3 banks have cut lending rates so far despite RBI's repo rate cut

Short-term Certificate of Deposit rates inch up amid tight liquidity

Banks issue CDs and mutual fund houses are key buyers of these instruments

Gross bad loans could jump to 5.7% by March 16: ICRA

Loans restructured from April will be treated as non performing assets with higher provision bill for them

Banks rush for debt recast

Forbearance window shuts in end-March, with recast loans to be treated as NPAs under a new regime, raising provisioning burden

Bank union representatives meet finance minister

Meeting comes ahead of 4 days proposed All India Bank strike from Feb 25

IndusInd Bank to raise up to Rs 2,000cr via bonds, NCDs

Bank will seek shareholders nod through postal ballot; Ramesh Sobti to set terms of issuance

Banking sector might see single-digit credit growth

Credit in banking system till February 6 this financial has grown by only 5.8 per cent

HSBC's Geneva offices searched in Swiss probe

HSBC has come under scrutiny around the world for helping tax evaders

Payments Corporation develops unified payment interface for mobile banking

Consumers will be able to send and receive money from their smartphones without revealing bank account details

Axis Bank woos very wealthy

No-limit credit, multi-currency forex card among facilities; says affluent segment will grow fastest in coming years

RBI allows banks to give gold on loan to jewellers

RBI also says export houses can import it without end-use restrictions; removes prohibition on import of gold coins